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Miramar Hotel and Investment Company

Market Cap

HK$10.3b

Last Updated

2021/05/08 10:26 UTC

Data Sources

Company Financials

Executive Summary

Miramar Hotel and Investment Company, Limited, an investment holding company, engages in property rental, hotels and serviced apartments, food and beverage, and travel businesses in Hong Kong and Mainland China. More Details


Snowflake Analysis

Flawless balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has Miramar Hotel and Investment Company's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 71 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 71's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-1.7%

71

-6.6%

HK Hospitality

-0.7%

HK Market


1 Year Return

5.1%

71

19.1%

HK Hospitality

25.7%

HK Market

Return vs Industry: 71 underperformed the Hong Kong Hospitality industry which returned 19.1% over the past year.

Return vs Market: 71 underperformed the Hong Kong Market which returned 25.7% over the past year.


Shareholder returns

71IndustryMarket
7 Day-1.7%-6.6%-0.7%
30 Day0.9%-10.5%-1.6%
90 Day4.8%-13.1%-2.9%
1 Year9.6%5.1%19.9%19.1%30.6%25.7%
3 Year6.5%-5.6%-19.9%-25.1%3.5%-7.5%
5 Year27.1%4.9%50.3%31.2%62.2%34.7%

Long-Term Price Volatility Vs. Market

How volatile is Miramar Hotel and Investment Company's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Miramar Hotel and Investment Company undervalued compared to its fair value and its price relative to the market?

34.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 71 (HK$14.94) is trading above our estimate of fair value (HK$5.36)

Significantly Below Fair Value: 71 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 71 is poor value based on its PE Ratio (34.2x) compared to the HK Hospitality industry average (33.3x).

PE vs Market: 71 is poor value based on its PE Ratio (34.2x) compared to the Hong Kong market (11.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 71's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 71 is good value based on its PB Ratio (0.5x) compared to the HK Hospitality industry average (1x).


Future Growth

How is Miramar Hotel and Investment Company forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

60.6%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Miramar Hotel and Investment Company has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Miramar Hotel and Investment Company performed over the past 5 years?

-8.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 71 has high quality earnings.

Growing Profit Margin: 71's current net profit margins (23%) are lower than last year (42%).


Past Earnings Growth Analysis

Earnings Trend: 71's earnings have declined by 8.5% per year over the past 5 years.

Accelerating Growth: 71's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 71 had negative earnings growth (-76.5%) over the past year, making it difficult to compare to the Hospitality industry average (-69.9%).


Return on Equity

High ROE: 71's Return on Equity (1.5%) is considered low.


Financial Health

How is Miramar Hotel and Investment Company's financial position?


Financial Position Analysis

Short Term Liabilities: 71's short term assets (HK$5.4B) exceed its short term liabilities (HK$515.1M).

Long Term Liabilities: 71's short term assets (HK$5.4B) exceed its long term liabilities (HK$532.3M).


Debt to Equity History and Analysis

Debt Level: 71's debt to equity ratio (0.01%) is considered satisfactory.

Reducing Debt: 71's debt to equity ratio has reduced from 10.1% to 0.01% over the past 5 years.

Debt Coverage: 71's debt is well covered by operating cash flow (9225.4%).

Interest Coverage: 71's interest payments on its debt are well covered by EBIT (154.6x coverage).


Balance Sheet


Dividend

What is Miramar Hotel and Investment Company current dividend yield, its reliability and sustainability?

3.35%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 08 2021Ex Dividend DateJun 09 2021Dividend Pay DateJul 08 202129 days from Ex DividendBuy in the next 31 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: 71's dividend (3.35%) is higher than the bottom 25% of dividend payers in the Hong Kong market (1.95%).

High Dividend: 71's dividend (3.35%) is low compared to the top 25% of dividend payers in the Hong Kong market (5.98%).


Stability and Growth of Payments

Stable Dividend: 71's dividends per share have been stable in the past 10 years.

Growing Dividend: 71's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (114.4%), 71's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Martin Lee (48 yo)

14.75yrs

Tenure

HK$100,000

Compensation

Mr. Ka-Shing Lee, also known as Martin, has been a Joint Chairmen of The Hong Kong and China Gas Company Limited since May 28, 2019. He has been Chairman and Managing Director of Henderson Land Development...


Leadership Team

Experienced Management: 71's management team is considered experienced (4.8 years average tenure).


Board Members

Experienced Board: 71's board of directors are seasoned and experienced ( 22.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Miramar Hotel and Investment Company, Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Miramar Hotel and Investment Company, Limited
  • Ticker: 71
  • Exchange: SEHK
  • Founded: 1948
  • Industry: Hotels, Resorts and Cruise Lines
  • Sector: Consumer Services
  • Market Cap: HK$10.323b
  • Shares outstanding: 690.96m
  • Website: https://www.miramar-group.com

Number of Employees


Location

  • Miramar Hotel and Investment Company, Limited
  • Mira Place Tower A
  • 15th Floor
  • Tsim Sha Tsui
  • Kowloon
  • Hong Kong

Listings


Biography

Miramar Hotel and Investment Company, Limited, an investment holding company, engages in property rental, hotels and serviced apartments, food and beverage, and travel businesses in Hong Kong and Mainland ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/08 10:26
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.